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ANNUAL REPORT 2007 --- adidas Group CONSOLIDATED FINANCIAL STATEMENTS - Notes – Additional Information
Tranche I (1999) Tranche II (2000) Tranche III (2001) Tranche IV (2002) Tranche V (2003)
Share price Exercise Exercise Exercise Exercise Exercise
in € Number price in € Number price in € Number price in € Number price in € Number price in €
Originally issued
Outstanding as at Jan. 1, 200
6
Forfeited during the period
Exercised during the period
May 2006
1)
Aug. 2006
1)
Nov. 2006
1)
Expired during the period
Outstanding as at Dec. 31, 2006
Exercisable as at Dec. 31, 2006
Outstanding as at Jan. 1, 2007
Forfeited during the period
Exercised during the period
May 2007
1)
Aug. 2007
1)
Nov. 2007
1)
Expired during the period
Outstanding as at Dec. 31, 200
7
Exercisable as at Dec. 31, 2007
1)
Due to the share split effective May 2006, one option is equivalent to four shares.
MANAGEMENT SHARE OPTION PLAN (MSOP)
266,550 335,100 342,850 340,850 88,000
153.96 10,250 2.56 17,900 2.56 50,945 38.76 23,700 2.56
61,150
1,450 107.14 400 4.00 400 4.00 1,350 26.84 0 4.00
149.20 32,200 107.14 1,150 4.00 2,850 4.00 10,320 4.00 10,150 4.00
146.52 0 — 0 — 1,750 4.00 4,250 32.68 4,000 4.00
149.84 0 — 650 4.00 750 4.00 4,400 43.84 1,750 4.00
27,500 107.14 0 — 0 — 0 — 0 —
— 8,050 4.00 12,150 4.00 30,625 43.84 7,800 4.00
0
0 — 8,050 4.00 12,150 4.00 30,625 43.84 7,800 4.00
0 — 8,050 4.00 12,150 4.00 30,625 43.84 7,800 4.00
0 — 0 — 300 4.00 150 4.00 1,000 4.00
183.24 0 — 3,900 4.00 2,100 4.00 7,600 4.00 900 4.00
172.36 0 — 0 — 400 4.00 575 4.00 0 —
188.88 0 — 0 — 700 4.00 3,300 4.00 0 —
0 — 4,150 4.00 0 — 0 — 0 —
0 — 0 — 8,650 4.00 19,000 4.00 5,900 4.00
0 — 0 — 8,650 4.00 19,000 4.00 5,900 4.00
Tranche I (1999) Tranche II (2000) Tranche III (2001) Tranche IV (2002) Tranche V (2003)
Share price Exercise Exercise Exercise Exercise Exercise
in € Number price in € Number price in € Number price in € Number price in € Number price in €
The remaining contractual lives for stock options outstanding at the end of the period are
presented as follows: Tranche III (2001) until July 2008, Tranche IV (2002) until July 2009 and
Tranche V (2003) until July 2010.
For stock options outstanding at the end of the period it is not possible to disclose the range
of exercise prices because they are dependent on future share price development.
No stock options were issued during the year under review.
Stock options may only be exercised subject to the attainment of at least one of the following
performance objectives:
-- (1) Absolute Performance: During the period between the issuance and exercise of the stock
options, the stock market price for the adidas AG share – calculated upon the basis of the total
shareholder return approach – has increased by an annual average rate of at least 8 %.
-- (2) Relative Performance: During the same period, the stock market price for the adidas AG
share must have developed by an annual average of 1 % more favorably than the stock market
prices of a basket of global competitors of the adidas Group and in absolute terms may not have
fallen.
The stock options may only be exercised against payment of the exercise price. The exercise
price corresponds to the arithmetical mean of the closing price of the adidas AG share over the
last 20 trading days of the respective exercise period, less a discount, based on the extent to
which the share price at exercise exceeded the absolute and relative performance hurdles out-
lined above. In every case, the exercise price shall be at least the lowest issue price as stated in
§ 9 section 1 of the German Stock Corporation Act (AktG), currently € 1.00 (i.e. € 4.00 per option).
Option terms and conditions stipulate that the stock options may be used for existing com-
mon shares in lieu of new shares from the contingent capital, or in the place of common shares
the discount is paid in cash.
The new shares participate in profi ts from the beginning of the year in which they are issued.